Kochugovindan: US Growth Resilient Despite Energy Shocks

Sree Kochugovindan, Senior Research Economist at Aberdeen Investments, discussed US economic growth with Bloomberg after global bond markets declined and Treasury yields reached multi-decade highs. The yield increases followed strong US economic data and weak demand at a Treasury auction, according to Bloomberg. Traders increased bets on additional Federal Reserve rate increases in response to the economic indicators.

Next story